Network Management Market Revenue was $9.2 billion in the year 2017 and it is Expected to Grow with a CAGR of 9.5% in the Forecast Period.
According to the new market research report by IndustryARC titled “Network Management Market: By Service (Consulting, Support, Virtualisation, Integration); By Solution (Network Security Management, Network Device Management, Network Traffic Management, Performance Monitoring & Management, IP Address Management); By Application (Telecom & Information Technology (IT), Education & Academia, Transportation, Government, Defense, Hospitality, Healthcare, Energy and Utilities, Retail & Consumer Goods, Oil and Gas, Banking, Financial & Insurance (BFSI), Media and Entertainment); By End User (Small Scale Enterprises, Medium Scale Enterprises) & By Geography – Forecast Period (2018-2023),” the global Network Management market will be driven by the increasing demand for network management in industries such as Telecom, BFSI, retail, and others.. The market is forecast to grow at a CAGR of 8.65% and reach $14.2 billion by 2023.
North America to Dominate the Network Management Market
North America will dominate the Network Management market due to the increased computer technology use and growing consumer broadband connections. The North America Network Management market is expected to reach approximately $5.6 billion by 2023, growing at a CAGR of 9.10% during the forecast period US and Canada dominate the North America market due to the growing number of breaches in these regions. Europe will have a significant growth due to increasing focus on technology.US and Canada have the largest share in the region due to the growing dependency on computer technology.. Europe and Asia-Pacific follow suit.
Selected Regulatory Analysis Done in the Full Report:
The small scale and medium scale business segment will have the largest share in the Network Management market. The segment’s share is expected to reach $11.1 billion by 2023, growing at a CAGR of 9.48% during the forecast period. The growing number of startups across the world, and the increasing need for network management products and solutions in the small and medium enterprises are expected to fuel the growth of the market during the forecast period.
Selected Driving Factors Mentioned in the Full Report
- Increased network security breaches drive the demand for the network management market in the future. Monitoring the network has become a challenge with the arrival of BYOD(Bring Your Own Device) policy. This factor drives the network management market.
- The explosive growth of data owing to social media and other sources will drive the global Network Management market.
- The launch of 5G networks in various countries in the next few years will open up ample opportunities for the network Management market.
- Growth of the IT and Telecom sectors will drive the demand for remote network monitoring, which in turn will drive the Network Management market.
- There will be more demand for simple network management protocol (SNMP) monitoring tools during the forecast period as more businesses try to optimize their operations.
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Key Players of the Network Management Market
Cisco Systems, Nokia, and Erricson are the key players of the Network Management Market.
– Cisco Systems offers fault management, configuration management, and performance management solutions and products for enterprise networks. In March 2016, Cisco, Ericsson, and Intel announced a collaboration to produce the first 5G router.
– In May 2016, Nokia launched its NetAct network management system to meet the demands of the future 5G networks
– In February 2017, Erricson announced the launch of its Erricson Network Manager in an ‘’as a service’’ model.
The Network Management Market Is Segmented as Indicated Below:
The increasing number of data breach cases will drive the demand for Network Management solutions and products during the forecast period.
- Network Management Market – By Service
- Consulting
- Support
- Virtualisation
- Integration
- Network Management Market – By Solution
- Network Security Management
- Network Device Management
- Network Traffic Management
- Performance Monitoring & Management
- IP Address Management (IPAM)
- Network Management Market – By Application
- Telecom & Information Technology (IT)
- Education & Academia, Transportation
- Government & Defence
- Hospitality
- Healthcare
- Energy and Utilities
- Retail & Consumer Goods
H.Oil and Gas, Banking
- Financials & Insurance (BFSI)
- Media and Entertainment
- Network Management Market – By End User
- Small Scale Enterprises (SMEs)
- Medium Scale Enterprises (MSEs)
- Network Management Market – By Geography (19+ countries)
- Network Management Market Entropy
- Company Profiles
- Alcatel- Lucent
- BMC software
- CA
- Cisco Systems
- Compuware corporation
- Heweleet Packard
- IBM
- Juniper networks
- Netscout system
- Solarwinds
- Nokia
- Erricson
More than 15 companies are profiled in this report
- Appendix: Abbreviations, Sources, Research Methodology, Bibliography, Compilation of Experts, Disclaimer.
Related Reports:
What can you expect from the report?
The Network Management Market Report is prepared with the main agenda to cover the following 20 points:
- Market Size by Product Category
- Market Trends
- Manufacturer Landscape
- Distributor Landscape
- Pricing Analysis
- Top 10 End User Analysis
- Product Benchmarking
- Product Developments
- Mergers & Acquisition Analysis
- Patent Analysis
- Demand Analysis (By Revenue & Volume)
- Country level Analysis (15+)
- Competitor Analysis
- Market Shares Analysis
- Value Chain Analysis
- Supply Chain Analysis
- Strategic Analysis
- Current & Future Market Landscape Analysis
- Opportunity Analysis
- Revenue and Volume Analysis
FAQs:
Does IndustryARC publish country, geography, or application–based reports in Network Management?
Yes, we do have separate reports and database as mentioned below:
- Network Management Market (2018–2023)
- North America Network Management Market (2018–2023)
- Europe Network Management Market (2018–2023)
- Asia Pacific Network Management Market (2018–2023)
5. Middle East and Africa Network Management Market (2018–2023)
- Latin America Network Management Market (2018–2023)
- Small Scale Enterprises Network Management Market (2018–2023)
- Medium Scale Enterprises Network Management Market (2018–2023)
Does IndustryARC provide customized reports and charge additionally for limited customization?
Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customizations:
- Increase the level of data in application or end user industry.
- Increase the number of countries in geography or product chapter.
- Find out market shares for other smaller companies or companies that are of interest to you
- Company profiles can be requested based on your interest.
- Patent analysis, pricing, product analysis, product benchmarking, and value and supply chain analysis can be requested for a country or end use segment.
Any other major customizations can be discussed with our team. We can also provide you with a separate quote based on your requirements. You can drop an e-mail to sales@industryarc.com to learn more about our consulting services.
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